At the time of writing, Permian Resources Corp [PR] stock is trading at $14.96, up 2.40%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PR shares have gain 11.31% over the last week, with a monthly amount drifted -8.33%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BMO Capital Markets upgraded its rating to Outperform on July 03, 2024, and kept the price target unchanged to $21. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $24 on April 09, 2024. BofA Securities initiated its recommendation with a Neutral and recommended $15 as its price target on January 05, 2024. Wells Fargo started tracking with a Overweight rating for this stock on November 15, 2023, and assigned it a price target of $17. In a note dated August 16, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $13 to $16.
For the past year, the stock price of Permian Resources Corp fluctuated between $11.80 and $18.12. Currently, Wall Street analysts expect the stock to reach $18.42 within the next 12 months. Permian Resources Corp [NYSE: PR] shares were valued at $14.96 at the most recent close of the market. An investor can expect a potential return of 23.13% based on the average PR price forecast.
Analyzing the PR fundamentals
According to Permian Resources Corp [NYSE:PR], the company’s sales were 4.37B for trailing twelve months, which represents an 99.89% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.78 points at the first support level, and at 14.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.06, and for the 2nd resistance point, it is at 15.15.
Ratios To Look Out For
It is important to note that Permian Resources Corp [NYSE:PR] has a current ratio of 0.50. In addition, the Quick Ratio stands at 0.50 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 2.40, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 12.01.
Transactions by insiders
Recent insider trading involved Quinn William J, Director, that happened on May 15 ’24 when 22.5 million shares were sold. 10% Owner, EnCap Partners GP, LLC completed a deal on May 15 ’24 to sell 10.0 million shares. Meanwhile, Director Tepper Jeffrey sold 65000.0 shares on May 15 ’24.
